Mission Viejo Budget

MV’s Unappropriated Reserves $387,000

November 24, 2009

   The City’s unappropriated reserves continue to struggle, dropping to $387,000 in November from $1.2 million at the beginning of September. The $1.2 million was previously a loan from the general fund to the Redevelopment Agency, but the Council transferred the funds back into the general fund in September to prop up unappropriated reserves, which [...]

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MV May Sell Governor’s Note For Cash

August 14, 2009

   California is expected to soon borrow $2.5 million from Mission Viejo under the terms of the new State budget.  The loan would be payable back to MV in three years, fiscal 2012-2013.    The City’s revenues and reserves have declined, however, so staff is considering a method to sell the debt for cash without waiting.  The [...]

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Mission Viejo’s Bubble Budget

July 18, 2009

   The City Council seems ready to approve a bubble budget Monday.  The two-year plan appears to be built on omissions, deferrals, reserves and assumptions which create a volatile situation.    Even after slashing library materials (75% reduction), sports, parks, slope maintenance and a host of other public services listed below, the City will still need to [...]

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Budget: Painting The Pig

June 25, 2009

    Does the Council have priorities right?  Facing a budget crunch, the Council appears prepared to sacrifice existing services and infrastructure in order to let $3.7 remain allocated for a resort-style tennis complex.     For the past three years the Tennis Club requested adding one new tennis court to the current seven.  On Monday evening the Club was [...]

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MV Still Short $3 Million After Proposed Cuts

June 21, 2009

    Even with all the proposed cuts to Library, Sports, Parks, Streets, etc., listed in the previous Dispatch article, the Council will still face a $3 million shortfall in the upcoming two-year budget.  If the Council does not wish to use approximately $3 million in reserves, the following ADDITIONAL one-time and non-essential items could be cut [...]

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Budget Cuts Listed For Library, Sports, Parks, Streets & More

June 21, 2009

    On Monday, 6/22, at 6 pm the Council will conduct a workshop at City Hall to consider the next 2-year budget. Extensive service cuts, listed below, are proposed: Library A 75% reduction – from $285‘000 to $50‘000 – in the annual library materials budget. Examples of how this reduction will impact patrons: The library’s magazine subscriptions [...]

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Council Increases Legal Expense

June 13, 2009

    On Monday the Council will authorize additional funds for City Attorney costs. The original budget for 08-09 was $570,000, but was increased to $770,000 in April. Staff is recommending another $50,000 which will amend the budget to $830,000.        The changes are attributed to in large part to legal issues with Capistrano School District. [...]

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Letter: Credit To Residents

May 6, 2009

Thank you my fellow MV residents, for taking the time to review and express your concerns about where the tax money is spent. Getting public input regarding various council plans will inject some much needed perspective and logic as to how our money is spent and our community is served. This site is just what [...]

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Letter: MUK-Budget

April 20, 2009

Based on its prior proclamations, the current city council majority (MacLean Ury and Kelley, better known as MUK) at tonight’s council meeting no doubt will justify the unnecessary $1 million renovation of locker rooms at the Montanoso Recreation Center by assuring taxpayers that the money is already budgeted. The $11.3 million shortfall in the last fiscal [...]

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City Reserves Tumble

April 19, 2009

    The City Council will accept an updated City Treasurer’s report Monday which paints a dismal projection of city reserves on June 30, the end of the current fiscal year.     City Council policy sets a minimum standard for “Contingency Reserves” at 15% of City revenues, or $7,360,000.  That fund is instead projected at $3,145,232, which [...]

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